The Government wants you to build a house. Australia is growing at an exponential rate. According to the co-author of the Coalition’s refugee and asylum seeker policy, General Jim Molan, Australia’s permanent population is growing by 200,000 people per year. All these people need somewhere to live. This is why the Government offers grants, schemes and concessions to make building a new home attractive to first home owners. These benefits are of enormous help to people wanting to get into home ownership.
The First Home Owners Grant and Stamp Duty concessions have gone through the roof in 2017, particularly for first home owners. In fact, not only is this making getting into home ownership more affordable for first home owners, its making it possible for them to create instant equity.
And remember, no one pays Stamp Duty on a house when they build it, regardless of whether they are a first home owner or not. They only pay it on the value of the land and this is one of the biggest advantages of building a home over buying one.
To find out everything you need to know about getting the full first home owners grant when building click here.